"While any potential relief for Vodafone Idea (Vi) is sentimentally positive for Indus Towers, we believe risk reward is uncompelling at the current market price," Motilal Oswal said
JM Financial values Jio at about $140 billion in equity ($153 billion enterprise value) and argues that the IPO will reinforce the "free cash flow growth story"
Indus Towers has consistently traded above all its significant EMAs, reflecting a positive market sentiment, and Policybazaar has also demonstrated a consistent performance
Indus Towers outlook: Analysts believe that healthy collections against the monthly payments has improved the liquidity position of the company and moderated the reliance on external debt.
Indus Towers share price advanced 3.63 per cent to an intraday high of ₹384.85 per share on the BSE on Tuesday.
Shrikant Chouhan, Head of Equity Research at Kotak Securities, has recommended buying shares of Sun Pharma and Indus Towers today
Indus Towers slipped 5.1 per cent on Wednesday and registered an intra-day low at ₹312.6 per share on BSE; here's why
Indus Towers board has approved its foray into African markets, starting with Nigeria, Uganda and Zambia, leveraging Airtel Africa's presence to diversify revenue streams
Telecom stocks to buy, sell: Citing expensive valuations and low growth outlook, Emkay Global is cautious on the telecom sector. It initiated coverage on Bharti Hexacom with 'Reduce' rating
UBS has downgraded Bharti Airtel to 'Sell' and Vi to 'Neutral', while keeping the target prices unchanged at ₹1,970 and ₹8.5, respectively.
Analyst recommends maintaining a positive bias while focusing on stock selection. PNB, SAIL and Indus Towers are among the top stocks to buy